HAL Share Price Rises Over 2% Despite Q1 Profit Slip; Brokerages Remain Bullish

Hindustan Aeronautics shares were up over 2% after the company posted first-quarter results on Monday. Despite the profit slipping by 4%, Morgan Stanley and JP Morgan remained positive on their outlook. While UBS flags concerns around valuation and visibility.

The company reported a decline in its net profit for the first quarter of financial year 2026. Its consolidated net profit declined 4.1% on the year to Rs 1,377 crore. Despite this, HAL saw its revenue, operating profit, and profit margin rise.

While all three analysts acknowledge a strong first quarter for the financial year 2026, they differ in their long-term views. Brokerages also point out the need for HAL to show strong and continued execution to justify stretched valuations.

HAL stock rose as much as 2.95% during the day to Rs 4,535.8 apiece on the NSE. It was trading 2.44% higher at Rs 4,513.5 apiece, compared to a 0.26% advance in the benchmark Nifty 50 as of 9:30 a.m.

It had declined 3.92% in the last 12 months and 8.06% on a year-to-date basis. The total traded volume so far in the day stood at 3.4 times its 30-day average. The relative strength index was at 41.

Seventeen out of the 22 analysts tracking the company have a 'buy' rating on the stock, three recommend a 'hold', and two suggest a 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 5,626.1, implying an upside of 25.3%.